✔ VERIFIED First reported by Crypto Briefing · Nov 3, 04:34 UTC · updated Nov 3, 12:30 UTC

NEAR token sinks 7% as proposal to cut annual token issuance passes

The proposed issuance cut would prevent 11.8 million NEAR from entering circulation over two years, worth about $45 million at today’s price.

Common to all reports: NEAR Protocol · Issuance · 1.6 · Token

Confirmed by 5 sources

• Crypto Briefing (crypto newsroom · US) · Nov 3, 04:34 UTC · read at the source
• The Block (crypto newsroom · US) · Nov 3, 09:19 UTC · read at the source
• Bitcoin Insider (low-credibility outlet · International) · Nov 3, 09:21 UTC · read at the source
• CoinCentral (low-credibility outlet · International) · Nov 3, 10:40 UTC · read at the source
• Cointelegraph (crypto newsroom · Europe) · Nov 3, 12:30 UTC · read at the source

Tags: Markets

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